Litecoin Intraday: the upside prevails as long as 87.1 is support
Litecoin (LTC/USD)
+13.20+14.70%
the upside prevails as long as 87.1 is support.
Our pivot point stands at 87.1.
Our preference: the upside prevails as long as 87.1 is support.
Alternative scenario: the downside breakout of 87.1 would call for 85 and 83.8.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 89 and 88.3).
Supports and resistances:
95.7 **
94.4 *
93.2 **
91.9
89.3 last
88.0
87.1 **
85.0 *
83.8 **
Our preference: the upside prevails as long as 87.1 is support.
Alternative scenario: the downside breakout of 87.1 would call for 85 and 83.8.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 89 and 88.3).
Supports and resistances:
95.7 **
94.4 *
93.2 **
91.9
89.3 last
88.0
87.1 **
85.0 *
83.8 **
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